What percentage of the loss would be covered by his policy

Assignment Help Operation Management

Reference no: EM132179080

Colton Gentry of Lancaster, California, has owned his home for ten years. When he purchased it for $178,000, Colton bought a $160,000 homeowner's insurance policy. He still owns that policy, even though the replacement cost of the home is now $305,000.

If Colton suffered a $18,000 fire loss to the home, what percentage of the loss would be covered by his policy? Round your answer to one decimal place.

What dollar amount of the loss would be covered by his policy? Enter the amount of the loss as a positive number. Round your answer to the nearest dollar.

How much insurance on the home should Colton carry now to be fully reimbursed for a fire loss? Round your answer to the nearest dollar.

Reference no: EM132179080

Questions Cloud

Evaluating two suppliers for component sourcing : Bejeweled Manufacturing Company is evaluating two suppliers for a component sourcing. Which supplier has the better weighted score?

Describe concepts of limited government and the rule of law : Describe the concepts of limited government and the rule of law, and explain how these institutions function in a free society.

Explain the key roles and responsibilities of the marketing : 1) Explain the key roles and responsibilities of the marketing function

What is the average monthly return : Illustrate how an individual pursuing his own interests also tends to promote the good of the community - What is the value of their stock when the required

What percentage of the loss would be covered by his policy : If Colton suffered a $18,000 fire loss to the home, what percentage of the loss would be covered by his policy?

Two elements required to be convicted of intent crime : Explain the doctrine of strict liability with examples. What are the two elements required to be convicted of an intent crime?

Marketing consultant for two it equipment companies : Assume that you are the marketing consultant for two IT equipment companies, the first company has low prices but is frustrated that price awareness

Explain the market conditions and the potential for growth : A One-Pager is a written pitch of your company. The page details the core of your business-what you're offering, how you're going about it

Create cohesive advertisement : Remember, each role is important in its own way and the roles work together collectively to create a cohesive advertisement.

User Account

All Pages